Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: Paul Angell who wrote (30613)	10/12/1998 12:54:00 AM
From: Fredman	Read Replies (1) of 95453

Oils are long term Investments. It kills me to see people trying to find 'where the absolute bottom is so i can buy in and be 100% assured i will not lose a penny'. Who knows where the bottom is ? Who knows what 'The BEST' company is to buy TODAY ? But when you see companies that were 36/share going for 9, heck pretty much all of them going for 20-30% of what they were last summer (1997), even assuming they were 20-25% overpriced back then, that still leaves a HUGE opportunity for growth here. Even if you buy in at 9, and it drops to 4, eventually it should (yes - 'should') get back to 20-24 or more at least. Oils will double or triple before CSCO LU or MSFT will, IMHO. p.s. where does MRL fit in your technical analysis of debt/asset ratios ??

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